QSuper CIO announces retirement

QSuper has commenced a global search for a new investment chief, following the announcement that chief investment officer, Brad Holzberger, intends to retire at the end of September 2019.

Holzberger has been at the helm of QSuper's investment team since 2009 and directly oversees the investment of $80 billion in funds on behalf of QSuper's 570,000 members.

QSuper CEO, Michael Pennisi, said of Holzberger's contribution: "One of Brad's greatest strengths is his ability to lead the development and implementation of a global investment strategy while ensuring that the people we are investing for are the heart of that strategy."

He added: "Brad's knowledge and wisdom is often called on in industry and policy forums, and he has become a trusted advisor to not only our Investment Committee and Board, but to regulators and policy makers across the country who want to improve the system for the benefit of all Australians."

Commenting on his tenure, Holzberger said: "It has been a privilege to work with the investment team, Board and other executives and staff at QSuper over many years. I am satisfied because our work over that time has challenged and improved investment thinking and practice."

He added: "Still, much remains to be done to continuously improve and adapt to changes in investment markets around the world, which always offer new opportunities and threats. My contribution will come to an end next year, but I know QSuper will continue to improve and evolve."

Holzberger also served as a director of the Association of Superannuation Funds Australia (ASFA) from 2011 to 2017, and was chair of ASFA's Economics and Investment Policy Council.